Orient Cement Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 09, 2023 at 05:21 am
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Orient Cement Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 7,205.75 million compared to INR 6,152.81 million a year ago. Revenue was INR 7,222.48 million compared to INR 6,201.12 million a year ago. Net income was INR 246.27 million compared to net loss of INR 94.99 million a year ago. Basic earnings per share from continuing operations was INR 1.2 compared to basic loss per share from continuing operations of INR 0.46 a year ago. Diluted earnings per share from continuing operations was INR 1.2 compared to diluted loss per share from continuing operations of INR 0.46 a year ago.
For the six months, sales was INR 15,457.52 million compared to INR 13,292.2 million a year ago. Revenue was INR 15,518.51 million compared to INR 13,352.61 million a year ago. Net income was INR 616.61 million compared to INR 279.19 million a year ago. Basic earnings per share from continuing operations was INR 3.01 compared to INR 1.36 a year ago. Diluted earnings per share from continuing operations was INR 3.01 compared to INR 1.36 a year ago.
Orient Cement Limited is an India-based cement company. The Company is primarily engaged in the manufacture and sale of cement. The Companyâs manufacturing facilities are located at Devapur in Telangana, Chittapur in Karnataka and Jalgaon in Maharashtra. The Companyâs product mix includes Pozzolana Portland Cement (PPC) and Ordinary Portland Cement (OPC), which markets under the brand name of Birla.A1-Birla.A1 Premium Cement and Birla.A1 StrongCrete. Its projects include Asian Cinema Mall, Sujana Mall Hyd, Birsi Airport, Mahindra Life Space, Tata Capitol, Godrej, Vastu Nagar, Municipal Corporation, Hotel Express Inn Nashik, Koso India Pvt. Ltd, Parksyde Residence, Apollo Hopital, Samrat Vrindavan, Karmaa Galaxy, Sports Stadium, Signature Residential, Hari Vara Residential, Nakshatra Township, Amar Builder, Abis, India Bull Power Plant, NTPC Power Plant, Rattan India Power Plant, Nagpur Highway, Nagpur Amravati Highway, Gurudwara, Sripada Dam, Nagar Nigam Project and Vill-Dondilohara.